This is the 2nd part after I had started investing which was mentioned in my earlier post.
As I earlier said that the chances of re visiting the 8555 low made at that time was high and it so happened that we did hit 7500 and I made sure I had more capital to invest at that level.
The chart below shows my doing or changes in my portfolio in the chronological order.
Now, this is the flexibility I believe one needs to have to be either an investor or a trader. I was wrong I admitted it and corrected my mistake quickly.
I was waiting for the mid test of the Bullish engulfing pattern, As soon as it closed below the middle for the day I cashed out booking some minor losses.
The strength and volume of retest also has to be judged.
Further Scenario – I think its now very difficult to breach 7500 again but we might have one sharp correction. We are 20% high from the bottom and currently at Wave-B. Wave B should be over by the end of this month according to wave lengths and then we might see another drop (not necessarily, markets are all about probability), a final perhaps.
Below are the name of the stocks that I am currently holding in 2 portfolios.
One portfolio just consists of 1 stock.
There are few names from my portfolio that I have hidden because of very high risk and circuits limit where one if entered would not be able to get out (if things turn bad) because of liquidity issues.
I am trading in options these days heavily, with back tested data. I will post about it soon.
Please stay at home and be safe!